IGNOU| ACCOUNTANCY - II (ECO - 14)| QUESTION PAPER – (DEC - 2023)| (BDP)| ENGLISH MEDIUM
BACHELOR’S DEGREE PROGRAMME (BDP)
Term-End Examination
December - 2023
ELECTIVE COURSE: COMMERCE
ECO–14
ACCOUNTANCY–II
Time: 2 Hours
Maximum Marks: 50
Weightage: 70%
Note: (i) Attempt four questions in all.
(ii) Question No. 1 is
compulsory.
हिंदी माध्यम: यहां क्लिक करें
1. Write short notes on the following: 5+5+4
(a) Accounting
Procedure of Inter- Department Transfer
(b) Buy-back of
shares
(c) Revaluation
Account
2. What is the meaning of branch account? How many types of
branches are there? What are the rules of making record in them?3+4+5
3. Under what circumstances a firm is dissolved? Explain the
order of settlement and accounting procedure on dissolution of the firm. 6+6
4. A small trader sells his goods by adding 25% profit on
its cost on Hire Purchase System. From the following information, prepare his
Hire Purchase Trading Account for the year ending 31st March, 2022: 12
1 April, 2021 -
Hire purchase stock with customers (at hire purchase price) - 10,000
1 April, 2021 -
Instalment overdue - 2,000
31 March, 2022 -
Goods sold on hire purchase at cost price - 24,000
31 March, 2022 -
Instalments overdue - 4,000
31 March, 2022 -
Cash received from customers - 30,000
31 March, 2022 -
Hire purchase stock with customers (at hire purchases price) - 8,000
5. Write a short note on Profit and Loss prior to
incorporation of a company with suitable examples. 12
6. Ram Ltd. issued Rs. 25,00,000, 12% Debentures on 1st
April, 2017 and the same were redeemed on 31st March, 2020 out of profit. The
Debenture Redemption Reserve Stood at Rs. 9,00,000 on 1-4-2018. The company
invested the required amount in Fixed Deposit in State Bank of India on 30th
April, 2019 earning interest @ 9% p.a. tax was deducted on interest earned @
10% by the bank.
Show journal
entries presuming that debentures were redeemed at a premium of 4%. 12
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